Statement of Managements Responsibilities

The Management Board herewith confirms the consolidated financial statements for the year ended 31 December 2007 and the accompanying accounting policies and notes to the accounting policies.

The Management Board is responsible for the preparation of the annual report in a way as to be a true and fair representation of the Group's assets and the results of its operations for the year ended 31 December 2007.

The Management Board additionally confirms that the appropriate accounting policies were consistently used and that the accounting estimates were prepared according to the principles of precaution and good management. The Management Board furthermore confirms that the consolidated financial statements together with the notes have been prepared on the basis of the assumption of continued operations of the Group and in line with the valid legislation and the International Financial Reporting Standards, as adopted by the EU.

The Management Board is also responsible for appropriate accounting practice, for the adoption of appropriate measures for the insurance of property and for the prevention and identification of fraud and other irregularities or unlawfulness.

The tax authorities may at any time within 5 years from the day of the tax charge verify the operations of the company, which in turn may cause the obligation of an additional tax payment, default interest payment and penalty from Corporate Income Tax or other taxes or duties. The Management Board is not aware of any circumstances, which could result in any such potentially significant obligation.

Management Board